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MENORA MIVTACHIM INSURANCE

The insurance company Menora Mivtachim is one of the leading insurance companies in Israel. During its many years of operation it consolidated its position as a reliable, stable, and solid company, that provides its customers with a professional, reliable, and efficient service. All these enabled the company to cater to a diversified target population and to offer safe and profitable solutions. The companys many successful achievements can be attributed to the nature of its operations, that combine a vigorous marketing activity, quality products, professional and qualified human resources, and the development of creative solutions that meet the customers requirements.

One of its outstanding achievements is attaining the highest returns in the Life Assurance and Pension Division vis-à-vis the other insurance companies, in the last ten years.

The Menora company was established in 1935. During the years of its operation in the insurance sector it consolidated its strong position, its clout and status. Today the company is independent of any bank or other financial institution, it specializes only in insurance and in the capital market, and directs all its vigor and capabilities to the development of creative solutions, superb products and provision of uncompromising service.

The market share of Menora Mivtachim Insurance in the field of insurance is about 10% of total premiums in Israel. This figure puts the company in the distinguished position of the fifth leading company in the general insurance market. Menora Mivtachim Insurance operates all over the country, and it boasts an array of 1,200 professional qualified agents.

Following Menoras acquisition of Mivtachim, the large pension fund in Israel, Menora Mivtachim became the leading pension insurance entity in Israel, and the third largest insurance company in life assurance and pensions, with over 21% in assets and in premiums. Menora Mivtachim is leading today in the pension sector with total assets of NIS 12 billion and a premium turnover of NIS 2.1 billion.

Menora brings to Mivtachim a rich and proven record in quality financial management and a strong economic backing. The combination of Menora as a leader in returns of life assurance and Mivtachim as a leader in returns of pension funds will assure insureds and members stability and prosperity.

To view the financial statements of Menora Mivtachim insurance as at Decemcer 31, 2009 please click here

To view the financial statements of Menora Mivtachim insurance as at Decemcer 31, 2008 please click here

As well you can view the financial statements of Menora Mivtachim holdings as at Decemcer 31, 2008 please click here

AREAS OF ACTIVITIES

Life Assurance Menora Mivtachim Insurance is one of the leading companies in life assurance in Israel. The company offers a broad range of products that includes quality profitable insurance programs. The many years of experience and specialization of Menora Mivtachim Insurance in the field of life assurance assists it in a continuing development of new and innovative products that are unique for the company. Among the popular products are : programs for loss of working ability insurance, and insurance of dread diseases, combined with pension funds, that provide customers with maximum personal protection and security for the future. There is also a combination of executive insurance and sophisticated financial products which provide advantages to employers and benefits to employees. A further significant advantage of Menora Mivtachim Insurance is the continuous unprecedented achievement of its being the leading insurance company in net returns to customers since 1992. Menora Mivtachim Insurance leads the market with a cumulative return of 73.11%, net, to customers between the years 1992 and 2003. Over a decade of excellence, achievements, and profitability for the Companys customers. (for our life assurance programs)

General Insurance Being one of the veteran well established insurance companies in Israel, Menora Mivtachim Insurance engages in all lines of general insurance.

In this branch of insurance, too, Menora Mivtachim Insurance continues to develop new products and unique programs for customers. Among the products which Menora Mivtachim Insurance offers in general insurance are the following products: loss of property insurance, various programs of motor car insurance, employers liability insurance, third party liability insurance, professional liability insurance, product liability insurance, personal accident insurance, cargo insurance, engineering insurance, marine insurance, aircraft insurance, etc.

In the field of individual insurance, the company has developed the series of TOP products of Menora Mivtachim Insurance, which include motor car insurance programs, third party liability insurance, and third party liability insurance for motorcycles. Menora Mivtachim Insurance is also well known for its specialization in special risks, and it is very active in Directors and Officers (D&O) insurance. It is one of the leaders in the programs mix of Menora, which offers solutions in a wide range of areas, and provides customers with protection, security and peace of mind.

Health Insurance The Health Insurance Division of the Menora Group specializes in drawing up health insurance solutions that best meet the insureds needs.

The main activity of the Health Insurance Division of the Menora Group is marketing a wide range of various programs for health insurance and dental insurance for private customers and large institutional entities. The Division follows the developments in health issues and public demand, and keeps developing new programs that meet the needs of the public, in close cooperation with medical associations in Israel and abroad, that specialize in public health issues. Among the health insurance programs developed by the Health Insurance Division there is a wide range of health insurance solutions for the family, insurance of children, unique insurance plans for women including alternate treatments, a special insurance program for foreign workers, long term care insurance, etc.

The number of insureds in the various programs of Menora Mivtachim Insurance is over 200,000 people in the private sector. This constitutes a market share of about 25% of the health insurance sector. All the doctors, members of the Israel Medical Association, chose to insure themselves and their families with Menora Mivtachim Insurance, and so did the members of the Israel Nurses Association, employees of the Hadassah hospital and many more.

Pension and Provident Funds In recent years we have observed some significant trends in the pension market, that impact on the nature and characteristics of pension products.

Menora Mivtachim offers its members the relative advantages of being a leader in returns and a large pension company with over 400,000 members. Menora Mivtachim offers its insureds flexibility and a broad basket of products that include combined complementary products, as well as a large stable financial entity that offers an array of financial solutions : Elementary insurance, life assurance, a pension fund, health insurance, and more.